COMPUTATION MIXING
A cryptographic protocol is provided that allows principals to securely realize a wide range of financial products simply via the protocol conducted between their respective phone apps. No other entities need play a role and no fees need be paid. A commitment fee is required to prevent the counterpa...
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Main Author | |
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Format | Patent |
Language | English French |
Published |
10.03.2022
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Subjects | |
Online Access | Get full text |
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Abstract | A cryptographic protocol is provided that allows principals to securely realize a wide range of financial products simply via the protocol conducted between their respective phone apps. No other entities need play a role and no fees need be paid. A commitment fee is required to prevent the counterparty being spoofed and the system being discredited. If a party reneges during a transaction, that party is refunded their value and at least a share of a penalty levied on the reneging party.
L'invention concerne un protocole cryptographique qui permet à des mandants de réaliser de manière sécurisée une large gamme de produits financiers simplement par l'intermédiaire du protocole effectué entre leurs applications téléphoniques respectives. Aucune autre entité ne doit jouer un rôle et aucun frais ne doit être payé. Une commission d'engagement est nécessaire pour empêcher que la contrepartie soit mystifiée et que le système soit discrétisé. Si une partie se rétracte au cours d'une transaction, cette partie se voit rembourser sa valeur et au moins une part d'une pénalité est perçue sur la partie se rétractant. |
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AbstractList | A cryptographic protocol is provided that allows principals to securely realize a wide range of financial products simply via the protocol conducted between their respective phone apps. No other entities need play a role and no fees need be paid. A commitment fee is required to prevent the counterparty being spoofed and the system being discredited. If a party reneges during a transaction, that party is refunded their value and at least a share of a penalty levied on the reneging party.
L'invention concerne un protocole cryptographique qui permet à des mandants de réaliser de manière sécurisée une large gamme de produits financiers simplement par l'intermédiaire du protocole effectué entre leurs applications téléphoniques respectives. Aucune autre entité ne doit jouer un rôle et aucun frais ne doit être payé. Une commission d'engagement est nécessaire pour empêcher que la contrepartie soit mystifiée et que le système soit discrétisé. Si une partie se rétracte au cours d'une transaction, cette partie se voit rembourser sa valeur et au moins une part d'une pénalité est perçue sur la partie se rétractant. |
Author | CHAUM, David |
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Snippet | A cryptographic protocol is provided that allows principals to securely realize a wide range of financial products simply via the protocol conducted between... |
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SubjectTerms | ELECTRIC COMMUNICATION TECHNIQUE ELECTRICITY TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION |
Title | COMPUTATION MIXING |
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